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  1. #1
    Join Date
    Jan 2009
    Posts
    1

    Default Is Bankruptcy the Answer

    My question involves bankruptcy in the state of california. Heres the deal, I am 28yo and have a debt of about 60k. I recent to a big pay cut and got a different job. I only have a gross income of 2400 and am drowning. I can only afford the minimum payments and thats getting tough. what should I do?

  2. #2
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
    Posts
    1,404

    Default Re: Is Bankruptcy the Answer

    Quote Quoting userids
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    My question involves bankruptcy in the state of california. Heres the deal, I am 28yo and have a debt of about 60k. I recent to a big pay cut and got a different job. I only have a gross income of 2400 and am drowning. I can only afford the minimum payments and thats getting tough. what should I do?
    Contact a bankruptcy attorney, use the link on this site to put you in contact with one in your area.

    With your current income you may qualify for a chapter 7 and wipe this all away. A bankruptcy attorney will go over your finances with you and help you decide which way to go.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Is Bankruptcy the Answer

    Agree with OhMy. Based on your post, it seems you may qualify for a Chapter 7 bankruptcy.

    Talk to a bankruptcy attorney as suggested.

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